Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20X3, Planner produced 31,000 computer desks at a cost of $98 each and sold 16,000 of them to Schedule for $110 each. Schedule sold 10,000 of the desks to unaffiliated companies for $148 each prior to December 31, 20X3, and sold the remainder in early 20X4 for $158 each. Both companies use perpetual inventory systems.

relating to the intercorporate sale of inventory. intermediate calculations. Consolidation Worksheet Entries relating to the intercorporate sale of inventory. intermediate calculations. Consolidation Worksheet Entries A Record the consolidation entry for the intercorporate sle ef invention. cost of $98 each and sold 16,000 desks to Planner fors companies in 203 and the remaining 6,000 in 204. Note: If no entry is required intermediate calculations. Consolidation Worksheet Entries